Alphabet has structured a three-year pay deal for Google’s CEO, Sundar Pichai, potentially valuing at $692 million. The majority of this compensation is tied to performance metrics, including new stock incentives associated with Waymo and Wing, Google’s drone delivery project.
Pichai’s compensation package, while significant in the tech industry, contrasts with the recent public attention garnered by Google’s founders, Larry Page and Sergey Brin. The founders have made headlines for their real estate acquisitions, speculated to be influenced by California’s proposed Billionaire Tax Act, targeting the state’s wealthiest individuals.
In contrast, Pichai maintains a lower profile, residing in Los Altos, California. His successful tenure at Google since 2015 has seen significant growth in the company’s market cap, making his accumulated stock holdings immensely valuable. Alongside his wife, Pichai holds shares worth nearly $500 million, with an additional $650 million estimated to have been sold as of last summer.
Source: TechCrunch